Allegion plc (NYSE:ALLE) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in Allegion plc (NYSE:ALLE - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,511 shares of the scientific and technical instruments company's stock after selling 2,101 shares during the period. Janus Henderson Group PLC's holdings in Allegion were worth $1,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Millstone Evans Group LLC purchased a new position in Allegion in the fourth quarter worth $28,000. Colonial Trust Co SC grew its position in shares of Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. Atala Financial Inc bought a new position in shares of Allegion in the fourth quarter valued at approximately $35,000. GeoWealth Management LLC increased its holdings in shares of Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after purchasing an additional 223 shares during the period. Finally, Private Trust Co. NA raised its position in Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 115 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ALLE shares. Robert W. Baird increased their price target on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley boosted their price target on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Finally, Barclays boosted their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Allegion has a consensus rating of "Hold" and a consensus price target of $140.40.

Insider Transactions at Allegion

In other news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. The trade was a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. This trade represents a 16.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Allegion Price Performance

ALLE stock traded up $2.71 during trading on Tuesday, reaching $144.02. The company's stock had a trading volume of 532,327 shares, compared to its average volume of 995,555. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The company's fifty day moving average is $133.08 and its 200-day moving average is $133.02. The company has a market capitalization of $12.39 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. During the same period in the prior year, the company earned $1.55 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.42%. Allegion's payout ratio is 28.65%.

Allegion Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.